Form 4: Danaher Corp Director Stevens Acquires Phantom Shares Through Deferred Compensation Plan

Director Raymond C. Stevens acquired phantom shares of Danaher Corp common stock through the company's Non-Employee Directors Deferred Compensation Plan.

Summary

• Raymond C. Stevens, a director of Danaher Corp, reported a transaction involving the acquisition of phantom shares.
• The transaction occurred on October 25, 2024.
• The acquisition was made under the terms of the Non-Employee Directors Deferred Compensation Plan.
• 134.062 phantom shares were acquired at a price of $245.39 per share.
• Following the transaction, Stevens beneficially owns 6,236.129 phantom shares.
• These phantom shares convert into shares of Danaher common stock on a one-for-one basis upon distribution.
• Stevens is fully vested in all amounts deferred under the Plan.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to director compensation, suggesting a neutral sentiment. The director's participation in the deferred compensation plan could be seen as a positive sign of confidence in the company.

Positives

• The director's participation in the deferred compensation plan demonstrates confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements regarding Danaher's future performance.

Industry Context

Deferred compensation plans are a common way for companies to provide additional benefits to their directors and align their interests with those of the shareholders.

Comparison to Industry Standards

• Deferred compensation plans for directors are a fairly standard practice among publicly traded companies, including those in the industrial and technology sectors where Danaher operates.
• Companies like Siemens, Roche, and 3M also offer similar deferred compensation plans to their board members.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom shares and deferred compensation.

Key Dates